// Workers AI · dad joke modeWho's Lubos Pastor? A pastor with a lubricated sense of humor.
Lubos Pastor | |
|---|---|
| Ľuboš Pástor | |
| Born | 19 March 1974 |
| Citizenship | Slovakia, United States |
| Education | Wharton School Wichita State University Comenius University in Bratislava |
| Known for | Pastor-Stambaugh liquidity factors |
| Awards | Smith Breeden Prize Fama-DFA Prize Ross Prize Moskowitz Prize AQR Insight Award |
| Scientific career | |
| Fields | Financial economics |
| Workplaces | University of Chicago Booth School of Business |
Lubos Pastor (born 19 March 1974) is a Slovak-American financial economist, Charles P. McQuaid Distinguished Service Professor of Finance and Robert King Steel Faculty Fellow at Booth School of Business, University of Chicago.[1][2][3] He earned his Ph.D. in finance from the Wharton School at the University of Pennsylvania.
Academic work
[edit]Pastor's research focuses on financial markets and asset management. His most cited paper, “Liquidity risk and expected stock returns”, has been cited over 7,000 times according to Google Scholar.[4] The paper introduces the concept of a liquidity risk factor and constructs the Pastor-Stambaugh liquidity factors.[5][6][7] His other work addresses topics such as sustainable investing,[8] political uncertainty,[9][10] stock price bubbles, technological revolutions, the size of the active management industry, and portfolio choice.[11]
Pastor's research has been awarded numerous best paper prizes including two Smith Breeden Prizes (2003, 2012), four Fama-DFA Prizes (2002, 2006, 2015, 2021), the AQR Insight Award (2021),[12] the Moskowitz Prize (2022),[13] and the Ross Prize (2024).[14]
Since 1 January 2025, he has served as President of the European Finance Association, after serving on its board since 2021.[15] From 2016 to 2019 he was on the board of directors of the American Finance Association. He was on the board of directors of the Western Finance Association from 2010 to 2017 and served as its president from 2016 to 2017.
He is a research associate with the National Bureau of Economic Research (NBER) and a research fellow with the Centre for Economic Policy Research (CEPR). Pastor has served as an associate editor of the Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies. [16]
In 2016, Pastor was awarded an honorary doctorate by the University of Economics in Bratislava.[17]
Non-academic work
[edit]In 2015, Pastor was appointed by the Government of the Slovak Republic to the Bank Board of the National Bank of Slovakia.[18] In 2021, he was reappointed to serve on the Board for another term until 2027.[19] On 19 December 2023, Pastor resigned from the board due to increasing work commitments in the United States.[20]
From 2008 to 2012, he co-designed the investable CRSP Indexes in cooperation with the Center for Research in Security Prices and Vanguard.[21][22][23] In 2024, he was elected to the Board of Directors of Vanguard.[24]
References
[edit]- ↑ "Faculty Directory: Lubos Pastor".
- ↑ "Community Fellows". upenn.edu. Archived from the original on 2 October 2016. Retrieved 12 February 2017.
- ↑ "Pástor, Lubos̆". worldcat.org. Retrieved 12 February 2017.
- ↑ "Google Scholar Citations: Lubos Pastor".
- ↑ "Fama-French Portfolios & Factors". Wharton School of Business. 25 August 2011.
- ↑ "Liquidity Factor of Pastor and Stambaugh (JPE 2003) Updated Through Dec 2022". Chicago Booth.
- ↑ "Data". Chicago Booth, Fama-Miller Center.
- ↑ Pastor, Lubos; Stambaugh, Robert; Taylor, Lucian A. (2021). "Sustainable investing in equilibrium". Journal of Financial Economics. 142 (2): 550–571. doi:10.1016/j.jfineco.2020.12.011.
- ↑ Pástor, Ľuboš; Veronesi, Pietro (1 December 2013). "Political uncertainty and risk premia". Journal of Financial Economics. 110 (3): 520–545. doi:10.1016/j.jfineco.2013.08.007. ISSN 0304-405X.
- ↑ Pastor, Lubos; Veronesi, Pietro (1 February 2017). Political Cycles and Stock Returns (Report). Cambridge, MA: National Bureau of Economic Research. doi:10.3386/w23184.
- ↑ Pastor, Lubos. "Research". Chicago Booth. Archived from the original on 2 June 2023. Retrieved 12 June 2024.
- ↑ "AQR Insight Award". www.aqr.com.
- ↑ "The Moskowitz Prize". Kellogg School of Management.
- ↑ "FARFE - Foundation for Advancement of Research in Financial Economics - Ross Prize". farfe.org.
- ↑ "EFA Executive Committee 2025 | EFA - European Finance Association". european-finance.org. Retrieved 22 September 2025.
- ↑ "Board Member Profile at the National Bank of Slovakia website". Národná banka Slovenska. Retrieved 19 May 2022.
- ↑ "Doctor honoris causa EU v Bratislave prof. Ľuboš Pástor, PhD".
- ↑ Solčányiová, Martina (11 February 2015). "Ľuboš Pástor to be new member of NBS Bank Board". National Bank of Slovakia. Archived from the original on 21 February 2024.
- ↑ "Professor Ľuboš Pástor reappointed as an NBS Bank Board member". National Bank of Slovakia. 12 March 2021. Archived from the original on 4 October 2023. Retrieved 12 June 2024.
- ↑ Peter, Majer (20 December 2023). "Ukončenie pôsobenia Ľuboša Pástora v Bankovej rade NBS". Národná banka Slovenska (in Slovak).
- ↑ "New Investable Indexes from The Center for Research in Security Prices (CRSP) selected by Vanguard for U.S. Stock Index Funds" (PDF). Chicago Booth, Center for Research in Security Prices. 2 October 2012. Archived (PDF) from the original on 1 September 2023.
- ↑ "Vanguard to Change Target Benchmarks for 22 Index Funds" (PDF). Chicago Booth. 2 October 2012. Archived from the original (PDF) on 1 September 2023 – via The Vanguard Group.
- ↑ "CRSP Launches Investable Indexes". Chicago Booth Review. 1 May 2012. Archived from the original on 4 December 2023.
- ↑ "Vanguard Board of Directors". 23 April 2025.
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